FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Kotak Securities ranges between Rs. 20 per order, while the brokerage of TradeSmart ranges between Rs 15. The broker Motilal Oswal and Kotak Securities are full service brokers where TradeSmart is a discount broker. Overall rating for Motilal Oswal is 4, Kotak Securities is rated 4, TradeSmart is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs Kotak Securities vs TradeSmart stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Motilal Oswal vs Kotak Securities vs TradeSmart on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Motilal Oswal vs Kotak Securities vs TradeSmart in this setion with 360 degree view of broker information.
In this section we have compared Motilal Oswal vs Kotak Securities vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Kotak Securities offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Kotak Securities charges Rs 600 PA AMC for Demat account, where TradeSmart charges Rs 300 PA AMC for Demat account.
Charges | Motilal Oswal | Kotak Securities | TradeSmart |
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Trading Account Opening Fees | Free | Free | Rs 200 |
Trading AMC | Free | Free | Free |
Demat Account Opening Fees | Free | Free | Rs 200 |
Demat AMC | Rs 400 per annum [Free for 1st year] | Rs 600 PA | Rs 300 PA |
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Plans are the most important feature you look when compare Motilal Oswal vs Kotak Securities vs TradeSmart. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Kotak Securities and TradeSmart offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
Plan Types | Motilal Oswal | Kotak Securities | TradeSmart |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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Zerodha | Kotak Securities | Zerodha | |
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Account Opening Request |
Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.
TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.
Brokerage Charges Compare | Motilal Oswal | Kotak Securities | TradeSmart |
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Plan Name | Default Brokerage Plan | Kotak Securities Trade Free Plan | Flat Fee Rs 15 Trading Plan (Power Plan) |
Equity Delivery | 0.20% | 0.25% | Flat Fee Rs 15 |
Equity Intraday | 0.02% | Free | Flat Fee Rs 15 |
Equity Futures | 0.02% | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Flat Fee Rs 15 |
Equity Options | Rs 20 per lot | Delivery: Flat fee Rs. 20 per order| Intraday: Free | Flat Fee Rs 15 |
Currency Futures | Rs 20 per lot | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Flat Fee Rs 15 |
Currency Options | Rs 20 per lot | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Flat Fee Rs 15 |
Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Flat Fee Rs 15 |
Minimum Brokerage | Rs 21 per executed order | ||
Hidden Charges | No | No | |
Funding | Yes - 18% interest PA | 12.49% interest PA | No |
Call & Trade Charges | NA | 20 calls free and after that Rs 20 per call | Rs 20 per executed Order |
Auto Square off Charges | NA | 20 calls free and after that Rs 20 per call | Rs 20 per executed Order |
Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Kotak Securities | Brokerage Calculator for TradeSmart |
Compare Motilal Oswal vs Kotak Securities vs TradeSmart on transaction charges and PCM fee by segment.
Transaction Charges Compare | Motilal Oswal | Kotak Securities | TradeSmart |
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Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
Commodity | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for kotak-securities | Complete Brokerage Plans for trade-smart-online |
Compare Motilal Oswal vs Kotak Securities vs TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities offers 3-in-1 Account where Motilal Oswal and TradeSmart offers only 2-in-1 account which includes trading and demat account. Margin Funding - Motilal Oswal and Kotak Securities offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - Motilal Oswal and Kotak Securities offers NRI Trading where TradeSmart doesn't offers NRI Trading.
Account Features Compare | Motilal Oswal | Kotak Securities | TradeSmart |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Algo Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Combined Ledger for Equity and Commodity | ![]() |
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Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
NRI Trading | ![]() |
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Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs Kotak Securities vs TradeSmart. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
Trading Platform Compare | Motilal Oswal | Kotak Securities | TradeSmart |
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Desktop Trading Platform | Orion Lite | Neo | NEST Trader & Fox Trader |
Desktop Demo | Desktop Demo | Desktop Demo | Desktop Demo |
Desktop Platform (Windows) | ![]() |
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Desktop Platform (Mac) | ![]() |
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Web Trading Platform | ![]() |
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Web Trading Detail |
https://power.motilaloswal.com/MOSL/userMaster/login |
https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat |
https://sine.tradesmartonline.in/userMaster/login |
Web Trading Demo | Web Trading Demo | Web Trading Demo | Web Trading Demo |
Mobile Site | ![]() |
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Mobile Trading | ![]() |
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Mobile Trading App | MO Trader | Kotak Neo | Sine |
Mobile Trading App Demo | MO Trader Demo | Kotak Neo Demo | Sine Demo |
Android Mobile App | ![]() |
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Android App Download | Andriod MO Trader Download | Andriod Kotak Neo Download | Andriod Download |
iPhone Mobile App (IOS) | ![]() |
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iOS App Download | iOS MO Trader Download | iOS Kotak Neo Download | iOS Sine Download |
Android Tablet App | ![]() |
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iPad App (IOS) | ![]() |
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Trading Software Charges | Free | Free | Free |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal | Equity Intraday and Delivery Brokerage Calculator for Kotak Securities | Equity Intraday and Delivery Brokerage Calculator for TradeSmart |
Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for Kotak Securities | Futures Brokerage Calculator for TradeSmart |
Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for Kotak Securities | Options Brokerage Calculator for TradeSmart |
Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for kotak-securities | Detail on Trading Platforms for trade-smart-online |
Compare Motilal Oswal vs Kotak Securities vs TradeSmart on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - Motilal Oswal and Kotak Securities offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal and Kotak Securities offers PMS facility where TradeSmart doesn't offers PMS facility.
Investment Offerings Compare | Motilal Oswal | Kotak Securities | TradeSmart |
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Equity Cash and F&O | ![]() |
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Currency Deravitives | ![]() |
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Commodity | ![]() |
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Online IPO Application | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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ETF | ![]() |
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Banking | ![]() |
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Insurance | ![]() |
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Forex | ![]() |
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MF SIP Investment | ![]() |
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Equity SIP Investment | ![]() |
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PMS Service | ![]() |
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Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs Kotak Securities vs TradeSmart on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - All 3 brokers offers provides Bracket Orders (BO) facility. You can trade in equity and index derivatives using Bracket Orders. Bracket Orders (BO) is placed an compulsory stop loss and this is a intraday position. With Bracket order broker give you additional margin, as this order are placed with compulsory SL. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Motilal Oswal and Kotak Securities offers Good Till Cancelled (GTC) orders facility where TradeSmart doesn't provides GTC.
Order Type Compare | Motilal Oswal | Kotak Securities | TradeSmart |
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CNC order | ![]() |
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MIS order | ![]() |
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NRML order | ![]() |
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Cover order | ![]() |
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Bracket order | ![]() |
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AMO-After Market Orders | ![]() |
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GTC-Good Till Cancelled | ![]() |
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Compare Motilal Oswal vs Kotak Securities vs TradeSmart on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
Customer Service Compare | Motilal Oswal | Kotak Securities | TradeSmart |
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24/7 Customer Service | ![]() |
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Email Support | ![]() |
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Onine Live Chat | ![]() |
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Phone Support | ![]() |
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Toll Free Number | ![]() |
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Through Branches | ![]() |
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Customer Care Number | 022 40548000/022 67490600 | 1800 209 9191 | 022 61208000 |
Account Opening Process | Online/Paperless | Online | Online/Paperless |
Customer Support Email | [email protected] | [email protected] | [email protected] |
Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank | https://help.tradesmartonline.in/ |
Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
Website | https://www.motilaloswal.com/ | https://www.kotaksecurities.com | https://tradesmartonline.in/ |
Compare Motilal Oswal vs Kotak Securities vs TradeSmart on research reports and tips provided by broker.
Motilal Oswal | Kotak Securities | TradeSmart | |
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Research Mutual Funds | ![]() |
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Research Equity Reports | ![]() |
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Research ETF | ![]() |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Compare Motilal Oswal vs Kotak Securities vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details
Motilal Oswal | Kotak Securities | TradeSmart | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 10900 | 49200 | 30400 |
Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹780 pa | ₹300 pa |
Advance Deposit | NIL | NA | NIL |
Statutory charges | Nil | Nil | Nil |
Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% (Min ₹27) + CDSL charges | ₹25 |
Demat | ₹50 per certificate + ₹50 courier charges | ₹3 per certificate + ₹50 courier charges | ₹500 per certificate (Min ₹500 per request) |
Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹10 for every hundred securities (Min ₹15) | ₹500 per certificate (Min ₹500 per request) |
Pledge Creation | ₹35 | 0.05% of transaction value (Min ₹30) | ₹200 per script ₹50 for trading margin each side |
Pledge Creation Confirmation | Nil | 0.05% of transaction value (Min ₹30) | Nil |
Pledge Closure | ₹35 | 0.05% of transaction value (Min ₹30) | ₹200 per script |
Pledge Closure Confirmation | Nil | 0.05% of transaction value (Min ₹30) | Nil |
Pledge Invocation | ₹35 | 0.05% of transaction value (Min ₹30) | ₹200 per script |
Failed Instruction Charges | Nil | Nil | Nil |
Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs Kotak Securities vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
Motilal Oswal | Kotak Securities | TradeSmart | |
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Pay In and Pay Out Options | Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App. Pay-out/Fund Withdrawal - Bank Transfer only |
Pay-in/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank). Pay-out/Fund Withdrawal - Bank Transfer only. |
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SIGN Mobile, SIGN Web and NEST Software. Pay-out/Fund Withdrawal - Bank Transfer only. |
Payout Time | Max 24 hrs except bank holidays. | Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. | Up to 24 Hrs except Bank Holidays. |
Bank Supported and Charges | Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. | (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank | Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. |
Bank Detail | Info Not Available | Direct from your Kotak Mahindra bank account. | VNS Finance and Capital Services Ltd., Account Number:VNS095XXXXXXX Bank and Branch: Yes Bank,CMS National Operating Centre MMR Account Type: Current Account IFSC Code: YESB0CMSNOC |
Likes |
There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;
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Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?
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Dislikes |
There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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There are several disadvantages or limitations as well of trading with TradeSmart such as follows;
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Special Offers/Promo | Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) | Free Account Opening, Rs 400 Waived for a limited time. | |
Enquire for Motilal Oswal | Enquire for Kotak Securities | Enquire for TradeSmart |
Last Updated on 2023-09-14T05:03:12+00:00